Megatrends

The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries.

Store-based non-grocery specialists continue to face an increasing competition from pure online retailers. However, the trend of digitalisation among non-grocery specialists continued.

Topo Centras introduces an innovative payment method

In August 2016, Topo Centras was the first retailer in Lithuania to offer payment by the Bitcoin cryptocurrency. Initially viewed as a marketing ploy, Topo Centras announced the success of its investment in its first year, with numerous transactions made using this tool.

COMPETITIVE LANDSCAPE

Kesko Senukai Lithuania and Eurovaistine lead non-grocery specialists

In 2017, Kesko Senukai Lithuania led non-grocery specialist. The company operated 84 outlets under Senukai in home and garden specialist retailers, where it was the leading player.

Lithuania lures international non-grocery specialists

Increasing consumer income and consumption is luring international non-grocery specialists to Lithuania. For instance, home and garden specialist retailers welcomed Depo, Latvia’s leading DIY retail chain at the end of 2016.

Pepco is set to make a big splash

The growing appeal of Lithuania for international investments is shown by the anticipated entrance of Pepco in apparel and footwear specialist retailers. Pepco has ambitious plans to open around 50 outlets in its first three years.

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